By May 1922, the Federal Reserve decided to formalize this process and create what was called the Federal Open Market Committee (FOMC) to coordinate how this new powerful tool was to be used and when.
Tupu Mee 1922, Federa resav kpebiri imepụta usoro a wee mepụta ihe akpọrọ Kọmitii ahịa mepere nke isi ala (FOMC) iji hazie otu a ga-esi rụọ ngwá ọrụ ọhụrụ a dị egwu na mgbe.